14. Jupiter Oil Company had the following transactions in 2022. Record the transactions a. Acquired a undeveloped lease for $200,000. b. Paid a drilling contractor as follows: i. Footage rate for drilling $1,250,000 ii. Equipment costs (casing) $375,000 iii. Equipment costs (tanks, flow lines, and labor to install equipment) $400,000 c. Paid costs of evaluating the well, $200,000 d. Completion cost for perforating and fracturing $125,000